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Economic policy

TUAC represents the voice of labour in the international economic policy debate. Through its engagement at the OECD, TUAC fights for economic policies that create full employment and that give working people a fair share of the wealth they create.

This is done through our engagement on fiscal and monetary policy at the Economic Policy Committee and its Working Party on Macroeconomic and Structural Policy Analysis.

This work is led by Filip Stefanovic and Adnan Habibija. For more information, please contact stefanovic@tuac.org and habibija@tuac.org.

IndAll-GU-JT
09 July 2024

OECD’s Employment Outlook stresses collective bargaining for a just transition

The 2024 Employment Outlook provides evidence of worsening wages and job opportunities in the move from high emission to green industries and makes a strong case for collective bargaining to achieve a socially just transition to a net-zero economy. It shows that workers from high emission ...

LCM 24
27 June 2024

OECD challenged to forge new economic consensus

The OECD is being challenged to forge a new economic consensus for the ‘new normal’ of climate crisis, geo-political tensions and supply chain bottlenecks feeding inflation, which increases prices and disrupts economic activity. The challenge was raised at the annual TUAC-OECD liaison committee ...

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18 June 2024

G7 focuses on threats to peace and security, neglects social justice and inequalities

The G7 Leaders Communique, agreed at the Summit in Italy, focuses on current threats to global peace and security, but fails to make the link between peace and social justice. It fails to follow up adequately on G7 commitments made last year on the cost of living and wages, or to deal properly with ...

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05 June 2024

The OECD’s Productivity Review of Spain: Continued support for social dialogue and worker representation is necessary to revive broadly shared productivity

In a new publication, jointly released today with Spain’s Second Vice-President and Minister of Labour and Social Economy Yolanda Díaz Pérez, the OECD takes a closer look at the twin challenges that Spain is confronting: how to revive productivity growth and ensure that it is broadly shared? ...

Austerity ETUC
02 May 2024

OECD Economic Outlook: monetary restriction, less social spending and big bank profits

The OECD Economic Outlook May 2024 recommends keeping monetary restriction “for some time to come” and argues in favor of spending restraint – singling out pension and other social spending. ...

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24 April 2024

Unions urge G7 to deliver on wage growth

Trade unions call on G7 Labour and Employment Ministers to deliver the “sustainable growth and real wage growth” which G7 Leaders committed to at last year’s G7 summit. In a joint statement by unions from G7 countries pointing out that real wages “in almost all G7 countries remain below ...

ILO Francisco Castillo ILO
14 March 2024

OECD urged to ensure global long-term needs are not neglected

Trade unions are urging the OECD to encourage governments to adopt consistent long-term policy – and ensure adequate investment – to manage climate change, digital transformation, demographic change. “Governments must not abandon what is needed to achieve long-term and shared prosperity, ...

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13 March 2024

Profits are high enough to absorb pay rises says OECD

The OECD says in its March 2024 Wage Bulletin “After growing considerably and making unusually large contributions to domestic price pressures in 2021 and 2022, unit profits [..] have started to absorb some of the [..] impact of increasing unit labour costs. In most countries, there is ...

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07 March 2024

OECD debt report promotes a return to austerity

In drawing a very disturbing picture of high global debt made unmanageable by high interest rates at a time when borrowing needs for the future are higher than ever, the OECD makes the very controversial claim that “Government spending needs to be highly targeted and focus more on investment in ...